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crusher53 (< 20)

No Lucky Charms earned yet.

ALU is for it's own top managers

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December 02, 2013 – Comments (1) | RELATED TICKERS: ALU

I have made a substantial investment in this company. I invested after reading about an improved method that would use a disruptive technology for LTE. After sales started to move, the management dilutes the shares by 20% with new issues. The new issues were sold at substantial discounts.  The new issues are available only to French owners. In addition to this they gave dividends which were kept secret until the sales went through. All this was done after ALU recieved  mega buck loans at rated that a loan shark would be proud of.

1 Comments – Post Your Own

#1) On December 03, 2013 at 8:22 AM, drgroup (69.07) wrote:

Management style is like this gov... corrupt. I got out of lucent years ago. Glad now I did, thanks for the heads up.

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